Pason Systems (TSE:PSI) Stock Rating Upgraded by TD Securities

Pason Systems (TSE:PSI) was upgraded by equities research analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Several other research analysts have also recently issued reports on PSI. TD upgraded shares of Pason Systems from a “hold” rating to a “buy” rating and increased their price objective for the company from C$13.00 to C$18.00 in a report on Tuesday. National Bank Financial decreased their price objective on shares of Pason Systems from C$17.00 to C$15.50 and set a “sector perform” rating for the company in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$15.13.

Pason Systems Price Performance

TSE PSI opened at C$15.40 on Tuesday. Pason Systems has a 52 week low of C$10.95 and a 52 week high of C$15.47. The company has a current ratio of 1.98, a quick ratio of 3.54 and a debt-to-equity ratio of 10.90. The stock has a market cap of C$1.20 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 10.78 and a beta of 0.41. The company has a 50-day moving average price of C$13.07 and a two-hundred day moving average price of C$12.47.

Pason Systems (TSE:PSI) last posted its earnings results on Thursday, February 26th. The company reported C$0.10 EPS for the quarter. Pason Systems had a net margin of 12.68% and a return on equity of 10.80%. The firm had revenue of C$108.71 million during the quarter. Analysts forecast that Pason Systems will post 1.229765 EPS for the current year.

About Pason Systems

Pason Systems Inc is an oilfield specialist with fully integrated drilling data solutions. A host of products allow customers to collect, manage, report, and analyze drilling data for performance optimization and cost control. The electronic drilling recorder is the company’s primary product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. Other product offerings include wellbore detection solutions, wellsite communications and bandwidth, wellbore gas analyzers, and software for data management.